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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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Mining
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Apr 11, 2013
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Jeff Miller
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Stornoway Reports Winter Ice Road Fatality
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Stornoway Diamond Corporation reported a fatality on its winter ice road that links Route 167 to its Renard diamond project in Quebec. The company stated that a truck driver, who was working for a transport company, was killed on March 11 in an isolated incident, while delivering mining supplies with...
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Mining
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Mar 12, 2013
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Jeff Miller
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Stornoway Completes Renard 65 Recovery
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Stornoway Diamond Corporation completed its diamond recovery program from the Renard 65 bulk sample in north-central Quebec, unearthing a total of 962.8 carats larger than a +1 Diamond Trading Company (DTC) size sieve from 5,080.8 dry...
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Mining
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Feb 25, 2013
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Jeff Miller
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Stornoway Aims to Borrow $475M For Renard
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Stornoway Diamond Corporation has entered into a mandate letter with seven financial institutions in connection with financing the Renard diamond project. The terms arrange senior loans of up to $475 million, though this does not...
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Mining
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Sep 06, 2012
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Jeff Miller
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Stornoway Begins Bulk Sampling at Renard 65 Pipe
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Stornoway Diamond Corporation will begin a 5,000-tonne bulk sample program costing $2.3 million at its Renard 65 kimberlite pipe in north-central Quebec. The program is scheduled to be completed by the end of the year and aims to collect a large...
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Mining
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Jul 24, 2012
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Deena Taylor
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Mining
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Jul 06, 2012
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Jeff Miller
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Mining
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Jun 12, 2012
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Jeff Miller
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Stornoway Arranges a $20M Debt Facility for Renard
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Stornoway Diamond Corporation entered into a $20 million unsecured debt facility with lenders, the Fonds de solidarité FTQ, the Fonds régional de solidarité FTQ Nord-du-Québec, S.E.C. and Investissement Québec, through its indirect wholly-owned...
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Financial-Legal
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May 04, 2012
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Jeff Miller
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Stornoway Raises $5M in Private Placement
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Stornoway Diamond Corporation closed a private placement with the explorer's largest shareholder, Diaquem Inc., an indirect wholly-owned subsidiary of Investissement Quebec, for aggregate gross proceeds of $5,097,950. The placement was completed as a result of Diaquem exercising...
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Mining
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Apr 20, 2012
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Jeff Miller
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Mining
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Apr 16, 2012
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Avi Krawitz
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Diamond Explorers Update Project Status
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Diamond mining companies dominated the news this week led by Rio Tinto's decision to weigh selling-off its diamond mining assets, while Lucara Diamond and Botswana Diamonds reported financial results and updated shareholders...
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Mining
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Mar 28, 2012
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Rapaport News
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Mining
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Mar 27, 2012
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Jeff Miller
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Stornoway Deal Could Raise $15M for Renard
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Stornoway Diamond Corporation entered into a bought-deal financing agreement with Scotiabank for 15 million units. The aggregate gross proceeds of the offering are expected to be $15 million and the miner will use these funds...
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Financial-Legal
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Mar 09, 2012
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Jeff Miller
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Stornoway Initiates Construction of Renard Road Extension
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Stornoway Diamond initiated construction activity on the Route 167 Extension, the road development project that will provide year-round access to the Renard diamond project in Canada. Matt Manson, Stornoway's president, explained that this...
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Mining
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Feb 03, 2012
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Jeff Miller
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Stornoway Posts Results of Renard's Feasibility Study
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Stornoway Diamond Corporation announced the results of a feasibility study at its Renard diamond project, which is located in north-central Québec, Canada. The study outlines a combined open pit and underground mine plan prepared by SNC Lavalin...
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Mining
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Nov 16, 2011
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Ricci Dipshan
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Thomas to Leave Stornoway Diamond Corp.
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Eira Thomas resigned as a director of Stornoway Diamond Corporation and as chairman of the board to pursue other interests. Thomas, pictured, is one of Stornoway's founders and played a key role in acquiring the Renard diamond project. "Having completed...
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Mining
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Aug 03, 2011
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Jeff Miller
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Stornoway Appoints Three New Board Members
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Stornoway Diamond Corporation appointed Monique Mercier, John LeBoutillier and Michel Blouin to its board of directors pursuant to the mining company's recent acquisition of DIAQUEM's interest in the Renard diamond project. The new directors were...
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Mining
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Jul 20, 2011
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Jeff Miller
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Stornoway Notes 56% Increase for Renard Price Estimate
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In its ongoing feasibility study for the Renard diamond project, Stornoway Diamond Corporation determined that the "base case modeled" diamond price for Renard 2 and 3 rose 56 percent from the valuation taken in September...
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Mining
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Jun 13, 2011
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Jeff Miller
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Stornoway Completes Acquisition of Renard
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Stornoway Diamond Corporation closed its previously announced agreement to acquire the remaining 50 percent stake in the Renard diamond project from DIAQUEM. Stornoway issued DIAQUEM common voting shares equal to 25 percent of Stornoway's issued and...
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Financial-Legal
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Apr 01, 2011
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Jeff Miller
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